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In case of compund interest compunded half yearly the rate per cent per annum is? |
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Answer» If interest is COMPOUNDED half yearly, rate of interest = R / 2 and A = P [ 1 + ( {R / 2} / 100 ) ]T, where 'T' is the time PERIOD. For example, if we have to CALCULATE the interest for 1 year, then T = 2. For 2 years, T = 4.07- |
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